thunder PROBLEM $\backslash$# $1-$ Accounts Receivable

On December $31,2024,$ Timberwolves Corporation had the following account balances related to credit sales and receivables prior to recording adjusting entries:

Prepare the necessary journal entries for each of the following independent assumptions:

A An account was recognized as a bad debt in July. Amount is $\backslash (\backslash$$ $350\backslash )$

B At December $31$ an aging of accounts receivable is completed. It is estimated that $\backslash (\backslash$$ $2,150\backslash )$ of the receivables outstanding at year$-$end will be uncollectible.

C Assume the same information presented in part B$.$ except that prior to adjustment, the allowance for doubtful accounts had a debit balance of $\backslash (\backslash$$ $200\backslash )$ rather than a credit balance of $\backslash (\backslash$$ $200\backslash ).$

D At December $31$ it is estimated that a provision for bad debts is required for $\backslash (1\backslash \%\backslash )$ of credit sales for the year.

JOURNAL